August 2016
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index (CPI) is the general measure of the change in the average
retail prices of a market basket or collection of goods and services commonly purchased
by the average Filipino household.
The Consumer Price Index of CAR in August 2016 was at 141.2. This is higher by 1.2
index points as compared to the 140.0 CPI of the same month in year 2015.
In general, the CPI in all the CAR provinces increased reflecting the rise in the average
prices of goods and services.
Table 1. Consumer Price Index by Province, CAR:
August 2015 and August 2016
(2006=100)
Province
August
Index Point
Change
2015
2016
CAR
140.0
141.2
1.2
Abra
131.9
134.4
2.5
Apayao
130.0
131.2
1.2
Benguet
142.6
141.9
-0.7
Ifugao
142.5
147.1
4.6
Kalinga
134.7
138.2
3.5
Mountain Province
147.5
151.5
4.0
Source: Philippine Statistics Authority
Among the provinces in the region, Mountain Province posted the highest CPI for August
2016 at 151.5, followed by Ifugao at 147.1 and Benguet at 141.9. The province of Apayao
had the lowest CPI at 131.2.
In terms of index point change, Ifugao had the highest increase at 4.6 while Benguet
decreased by 0.7.
PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
Volume XVI No. VIII
CPI SPECIAL RELEASE
page 2
August 2016 Price Situation in the Cordillera
CPI by Commodity Groups
Among the commodity groups, Alcoholic Beverages and Tobacco recorded the
highest CPI in the region at 202.8. The province of Apayao incurred the highest
among the CAR provinces at 220.2, followed by Abra and Kalinga at 213.3 and
209.6 index points, respectively.
Education came next at 161.8 index points. Among the CAR provinces, Mountain
Province incurred the highest index for August 2016 at 233.9 points.
Food and Non-Alcoholic Beverages were at 154.4 index points with the province of
Mountain Province experiencing the highest at 159.9, followed by Benguet at 159.0.
Communication had the lowest CPI among the commodity groups in the region with
83.2, Abra incurred the highest index at 111.4; while Apayao had the lowest at 77.9
index points.
Among the CAR provinces, Apayao consistently had the lowest CPI for all items.
Table 2.Consumer Price Index by Commodity Group and by Province,
CAR: August 2016
(2006=100)
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
141.2
134.4
131.2
141.9
147.1
138.2
151.5
154.4
143.5
148.5
159.0
153.8
148.2
159.9
202.8
213.3
220.2
205.1
178.2
209.6
180.3
132.5
150.1
117.9
127.5
147.4
122.6
144.0
130.1
114.0
100.7
139.3
141.4
111.4
131.4
129.5
123.9
114.8
133.5
117.9
136.9
134.6
131.5
123.5
110.7
137.6
115.1
126.7
135.7
129.3
147.3
114.1
127.2
130.7
143.7
122.0
83.2
111.4
77.9
79.8
101.0
78.9
87.4
108.6
110.0
116.6
105.5
106.6
114.9
113.2
161.8
152.4
142.2
147.3
173.2
166.6
233.9
129.8
119.7
133.1
125.1
150.3
132.9
150.2
Source: Philippine Statistics Authority
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August 2016 Price Situation in the Cordillera
By index point change, Alcoholic Beverages and Tobacco recorded the highest
increase, growing up by 14.8 points. Increases were also incurred for Clothing and
Footwear by 3.6 points, Restaurant, Miscellaneous Goods and Services by 2.7 and
Health by 2.1 points.
The rest of the commodity groups reported a minimal annual increase in their index
points. Meanwhile, Transport and Housing, Water, Electricity, Gas and Other Fuels
decreased at 0.3 points and 0.1 points, respectively.
Note:
1
includes Electricity, Gas & Other Fuels
2
includes Household Equipment and Routine Maintenance of the House
3
includes Miscellaneous Goods and Services
Source: Philippine Statistics Authority
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: August 2015 and August 2016
(2006=100)
140.0
153.3
188.0
128.9
130.2
127.6
129.4
129.6
83.0
107.4
159.9
127.1
141.2
154.4
202.8
132.5
130.1
129.5
131.5
129.3
83.2
108.6
161.8
129.8
0.0 50.0 100.0 150.0 200.0 250.0
All Items
Food & Non-Alcoholic Beverages
Alcoholic Beverages & Tobacco
Clothing & Footwear
Housing, Water1
Furnishings2
Health
Transport
Communication
Recreation and Culture
Education
Restaurant3
August, 2016 August, 2015
14.8
0.2
1.2
1.9
2.7
2.1
3.6
-0.1
1.2
1.1
1.9
-0.3
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August 2016 Price Situation in the Cordillera
Inflation Rate
For August 2016, prices of goods and services in CAR remained at 0.9 percent.
Ifugao posted the highest inflation rate at 3.2 percent, followed by Mountain
Province at 2.7 percent, Kalinga at 2.6 percent, and Abra at 1.9 percent.
Compared to August 2015, price rates increased in the provinces except for
Mountain Province and Benguet.
Source: Philippine Statistics Authority
By Commodity Group, Month-on-Month
By commodity, the year-on-year growth of the heavily-weighted Food and Non-
Alcoholic Beverages index in the region slowed down to 0.7 percent as compared
to 3.2 percent of the previous month.
Inflation in Alcoholic Beverages & Tobacco is the highest in the region with 7.9
percent, followed by Clothing and Footwear with 2.8 percent.
Furnishing, Household Equipment & Routine Maintenance of the House, Health,
and Communication remained at 1.5, 1.6, and 0.2 percent, respectively.
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
August 2015 and August 2016
(2006=100)
0.9
0.6
-0.1
0.5
1.0
1.1
4.2
0.9
1.9
0.9
-0.5
3.2
2.6
2.7
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
August, 2015 August, 2016
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August 2016 Price Situation in the Cordillera
Table 3. Month-on-Month Inflation Rates by Commodity Groups, CAR:
July and August 2016 (2006 = 100)
Source: Philippine Statistics Authority
By Food Items, Year-on-Year
In general, the year-on-year inflation rates modestly accelerated for all food items
except fruits and vegetables.
Corn and Fish persisted to have the highest price increase in August 2016 with 10.1
and 3.8 percent, respectively.
Other Cereals, and Food Products, not elsewhere classified (NEC) continued to
have negative inflation rates at -0.2 and -5.5 percent, respectively.
Table 4. Year-on-Year Inflation Rates of Selected Food Items, CAR:
August and July 2016 and 2015
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Source: Philippine Statistics Authority
Commodity Group
Inflation Rates
July 2016
August 2016
All Items
2.4
0.9
Food and Non-Alcoholic Beverages
3.2
0.7
Alcoholic Beverages & Tobacco
7.5
7.9
Clothing and Footwear
2.7
2.8
Housing, Water, Electricity, Gas and Other Fuels
1.2
-0.1
Furnishing, Household Equipment
& Routine Maintenance of the House
1.5
1.5
Health
1.6
1.6
Transport
-0.3
-0.2
Communication
0.2
0.2
Recreation and Culture
1.0
1.1
Education
3.1
1.2
Restaurants and Miscellaneous Goods and Services
2.1
2.1
Food Items
2016
2015
Inflation Rates
August
July
August
July
Current
Previous
Bread and Cereals
154.1
153.9
151.1
151.1
2.0
1.9
Rice
150.6
150.4
146.9
146.8
2.5
2.5
Corn
173.6
170.6
157.7
157.8
10.1
8.1
Other Cereals*
165.2
165.1
165.6
165.6
-0.2
-0.3
Meat
133.2
132.7
133.1
133.2
0.1
-0.4
Fish
171.7
171.9
165.4
165.5
3.8
3.9
Milk, Cheese and Eggs
137.9
137.7
134.5
134.5
2.5
2.4
Oils and Fats
181.1
181.1
179.4
179.6
0.9
0.8
Fruits
190.1
194.4
195.9
190.8
-3.0
1.9
Vegetables
173.7
189.3
178.1
160.9
-2.5
17.7
Sugar, Jam, Honey,
Chocolate &
Confectionery
138.7
138.7
134.0
134.0
3.5
3.5
Food Products, N.E.C.
166.6
166.8
176.3
176.6
-5.5
-5.5
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August 2016 Price Situation in the Cordillera
Purchasing Power of the Peso (PPP)
The value of the peso in the region for August 2016 was at 71 centavos incurring
the same PPP last August 2015. This means that the market value of goods and
services worth 71 centavos in August 2006 were bought at one peso in August
2016.
The PPP of all the provinces generally declined in August 2016 as compared to
August 2015, except for Benguet which remained at 70 centavos.
Apayao had the highest peso value at 76 centavos, followed by Abra at 74 centavos
and Kalinga at 72 centavos. Meanwhile, Mountain Province had the lowest peso
value at 66 centavos.
Source: Philippine Statistics Authority
Figure 3. Purchasing Power of the Peso by Province,
CAR: August 2015 and August 2016
(2006=100)
0.71
0.76
0.77
0.70 0.70
0.74
0.68
0.71
0.74
0.76
0.70
0.68
0.72
0.66
0.60
0.62
0.64
0.66
0.68
0.70
0.72
0.74
0.76
0.78
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
August, 2015 August, 2016
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August 2016 Price Situation in the Cordillera
For more information, please contact:
Mail : PSA-CAR, Regional Office
141 CTLL Bldg. Abanao Extension, Baguio City
Tel. Nos. : (074) 442-7449
Telefax No.: (074) 443-7763
Email : socd_psacar@yahoo.com
psacordillera@yahoo.com.ph
Website : psacordillera.esy.es
Technical Notes
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on-year/month-on-
month as measured by the CPI).
Purchasing Power of the Peso (PPP)
measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or
bought.
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August 2016 Price Situation in the Cordillera